Pay & Benefits

Lawmakers Push to Fix Controversial Tax Rule Affecting Federal Retirees

A new bill would set up a new formula to calculate how much retirees get in Social Security benefits if they also receive a defined benefit pension, in some cases replacing the controversial Windfall Elimination Provision.

Pay & Benefits

Don’t Make These TSP Withdrawal Mistakes

Saving enough for retirement is like climbing Mount Everest: Getting to the top is an incredible feat but once you get there, you have to come down. That’s the really dangerous part.

Pay & Benefits

New Bill Would Protect Early Retirement Benefits for Injured Federal First Responders

Currently, federal first responders who transfer to another job at a federal agency due to an injury may no longer retire at 57, despite paying more into the retirement system.

Pay & Benefits

3 Dumb Reasons to Take Social Security at 62

It is critical to make financial decisions based on facts, not fear or misinformation.

Pay & Benefits

The Downside of Investing in the TSP's Lifecycle Funds

Many know they should invest more conservatively as they approach retirement, but investing too conservatively can be dangerous if you don’t want to run out of money.

Pay & Benefits

The G Fund Has Seen Better Days

It’s important to know what the investment can do for you—and what it can’t.

Pay & Benefits

Your Tax Bill Is On Sale, But Probably Not for Long

Federal employees shouldn’t overlook the potential advantages of investing in a Roth TSP or Roth IRA.

Pay & Benefits

Lawmakers Seek to Increase Retiree COLA for Next Year to 3%

Legislation would set the annual increase in Social Security and federal retiree annuities at 3%, rather than the 1.3% increase currently slated for 2021, and would permanently increase adjustments in future years.

Pay & Benefits

The 8 Most Important Birthdays for Feds

Think now about these milestones—it could make a world of difference as you approach your next stage of life.

Pay & Benefits

Retiree COLA Set at 1.3% Next Year, Prompting Calls for Change

Organization calls on Congress to shift the metric upon which annual cost of living adjustments for Social Security and federal retirement benefits are based from the general price of goods to one that takes into account spending by the elderly.

Pay & Benefits

GovExec Daily: What are the Best Dates for Feds to Retire?

Tammy Flanagan joins the podcast to discuss her annual column on the best times for public servants to retire.

Pay & Benefits

Why You Should Strive for Average — With the TSP at Least

When it comes to your retirement investments, “average” can be extraordinary.

Pay & Benefits

Simple Nudge Gets More People to Start Retirement Nest Egg

Motivating people to save for retirement isn't easy, but when it comes to planning, "the simpler, the better," a new study confirms.

Pay & Benefits

It’s Time to Consider Privatizing the Thrift Savings Plan

Index fund investing has become a commoditized business, and the private sector can perform the service just as well or better than the government.

Pay & Benefits

TSP Announces CARES Act Loans Now Available

Federal workers and retirees who have been impacted by the coronavirus pandemic may now take advantage of favorable loan terms on their retirement accounts.

Pay & Benefits

TSP Portfolios Continue Gains, But Fail to Make Up Earlier Losses

Although all of the funds in the federal government’s 401(k)-style retirement savings program posted modest increases in May, it was not enough to make up for the economic crash at the start of the coronavirus pandemic.

Pay & Benefits

How to Motivate Young Workers to Save For Retirement

Whether you’re a parent or a boss, it’s in everyone’s interest to ensure younger generations are ready for life after work.